Project News Details
Government sanctions 81,757 houses for urban poor in 7 states
Ministry of Housing & Urban Poverty Alleviation today sanctioned construction of 81,757 houses for Economically Weaker Sections (EWS) in urban areas in 7 states with a total investment of Rs.4,076 cr. Of this, the Ministry will provide total central assistance of Rs.1,226 cr @ Rs.1.50 lakh per each house to be built for the benefit of urban poor under the Prime Minister’s Awas Yojana (Urban).
An inter-ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita Chatterjee, Secretary (HUPA) approved the proposals received from the 7 states after detailed discussions with the respective states and after satisfying itself with availability of land for the proposed projects, the share of states and the beneficiaries. The sanctioned will be built in 163 cities in these 7 states.
Of the total houses sanctioned under the Housing for All initiative of the Government, 58,456 houses will be built under the ‘Beneficary Led Construction’ component. Under this, beneficiaries will build new houses on their own land with assistance from central and state governments. Another 23,301 houses will be built under ‘Affordable Housing in Partnership’ component under which state governments will provide land and the central government gives an assistance of Rs.1.50 lakh per each beneficiary.
West Bengal has been sanctioned a total of 27,830 houses in 38 cities, followed by Telangana-22,817 in 45 cities, Bihar-13,315 in 40 cities, Mizoram-8,922 in 6 cities, Rajasthan-6,052 in 9 cities, Jharkhand-2,337 in 24 cities and Uttarakhand-484 in Dehradun.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.